Exxon Mobil

ARTICLES ABOUT EXXON MOBIL BY DATE - PAGE 4

SINGAPORE, May 30 (Reuters) - ExxonMobil said on Thursday it has started ethylene production at a new chemical unit in Singapore after expansion. With the start-up of the steam cracker, the company will increase production at other petrochemical units in the Singapore complex over the next few weeks, it said in an emailed statement. Ethylene is a feedstock for producing polymers used in plastics production.

BRISBANE, May 27 (Reuters) - Exxon Mobil's talks with Interoil to develop the Elk and Antelope fields could lead to an expansion of its $19 billion Papua New Guinea liquefied natural gas (PNG LNG) project, an Exxon executive said on Monday. The company did not have a timeline for when a deal could be finalised, but Mark Nolan, Exxon Mobil vice president for development in the Middle East and Africa, signaled it may be soon. "The expansion opportunities look attractive to us, so I wouldn't expect we'd wait too long," Nolan said, speaking to reporters at an industry conference.

May 7 (Reuters) - ExxonMobil Corp said it is starting development of the Julia oilfield in the Gulf of Mexico. Capital cost for the project, which is expected to begin production in 2016, is estimated to be more than $4 billion. Initial development phase is expected to result in daily oil production of 34,000 barrels, the company said. The field, estimated to have nearly six billion barrels of resource, comprises five leases in the ultra-deepwater Walker Ridge area of the Gulf of Mexico.

SINGAPORE, April 19 (Reuters) - Qatar International Petroleum Marketing Co, or Tasweeq, sold eight 600,000-barrel cargoes of al-Shaheen crude for June loading at steady premiums from the previous month, traders said. Tasweeq sold June al-Shaheen at $1.00-$1.50 a barrel above Dubai quotes, traders said, with most of the cargoes traded at premiums between $1.20 and $1.30. It had sold May cargoes at premiums in the $1.00-$1.40 range last month. Japanese refiner TonenGeneral Sekiyu, oil major Exxon Mobil, India's Reliance Industries Ltd, South Korea's SK Energy, Chinese refiner Unipec and Thailand's PTT were among the buyers, sources said.

--Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, April 5 (Reuters) - Is Australia prepared to see all its ageing oil refineries closed down in the face of Asian competition or should the industry be deemed strategic and eligible for government protection? That's the question that should be asked after Thursday's announcement by Royal Dutch Shell that it would close its Geelong refinery in Victoria state and convert it to an import terminal if a buyer couldn't be found.

NEW YORK, March 30 (Reuters) - Exxon Mobil has shut a crude oil pipeline after it ruptured near Mayflower, Arkansas, spilling "thousands" of barrels of oil, the company said. The 20-inch Pegasus pipeline ruptured on late Friday afternoon and a few thousand barrels of oil had been observed, Exxon said in a statement. Exxon was preparing a response for a spill of more than 10,000 barrels. The U.S. Environmental Protection Agency had categorized the spill as a "major spill", Exxon said.

BAGHDAD, March 28 (Reuters) - Exxon Mobil is in negotiations to sell 5 percent of its stake in Iraq's West Qurna-1 oilfield to Abu Dhabi's state-run investment fund Mubadala, part of the U.S. major's moves to reduce its exposure there, Iraqi oil officials said on Thursday. Exxon has said it plans to sell its stake in the $60 billion field after upsetting Iraq's central government by signing deals with the country's autonomous Kurdistan region, agreements which Baghdad rejected as illegal.

BASRA, Iraq, March 25 (Reuters) - Exxon Mobil has allocated $1.65 billion to develop Iraq's West Qurna 1 oilfield in 2013, up from $1.6 billion last year, the head of the joint management committee for the field told Reuters. Madhi Abdul Razzaq said production from the field would rise to 540,000 barrels per of oil per day (bpd) by mid-2013 from the current 480,000 bpd. By the end of the year, output will reach 600,000 bpd and in 2015 it will hit 900,000 bpd, he said.